Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX+0.449%83s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.423% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 3 days (all we have)−0.439%−$44 · spread now +0.449%, 7d avg +0.017%

Together, before fees−0.421%−$42 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.432% dearer against BingX than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDT	0.2451	0.0100	pay 0.0100% / 8h	6h 20m	—	$20.5M	—
Short	ApeX Omni ADAUSDT	0.2462	0.0100	get 0.0013% / 1h	20m 05s	$56K	$588K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.449%Rate

Funding earned: $0
Price spread: +0.449% → +0.017%: $43.21
Slippage, 4 orders: −$22.35
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $0.87
Costs to cover: 0.423%
Break-even: from the start

Slippage from BingX: live order book, 3 min ago; ApeX Omni: live order book, 48 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 3 min ago	4.07 bp	9.1 bp −$9	9.1 bp −$91	16.2 bp −$1,615	28.8 bp −$14.4K
Sell ApeX Omni live order book, 48 min ago	4.04 bp	11.3 bp −$11	41.3 bp −$413	doesn't fit	doesn't fit

ADA on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2448	−0.108%	$201K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2448	−0.108%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.816%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2462	+0.449%	$406K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2451	−0.008%	$42.7M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2449	−0.084%	$1.2M	$969K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2450	−0.029%	$159K	$156K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2450	−0.057%	$102.7M	$371.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2449	−0.082%	$71.8M	$108.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2449	−0.082%	$32.5M	$107.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2449	−0.082%	$97.7M	$60.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2448	−0.122%	$58.4M	$52.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2449	−0.078%	$29.8M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2450	−0.041%	$65.5M	$47.0M	75x	as long as short
BingX ADA-USDTlong	+0.0100%	8h	0.2451	long leg	—	$20.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	+0.004%	$126K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.206%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.391%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	+0.335%	$300K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2462	+0.449%	$56K	$588K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	−0.086%	$93K	$669K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	−0.082%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	−0.041%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	−0.042%	$9K	$762K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	−0.061%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2448	−0.138%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.082%	$47.7M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.088%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2450	−0.045%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0111%	8h	0.2451	0.000%	$163K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2470	+0.755%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0184%	1h	0.2451	+0.008%	$2.4M	$1.0M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0240%	1h	0.2450	−0.041%	$501K	$470K	50x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2449	−0.082%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0355%	1h	0.2449	−0.097%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2449	−0.089%	$95K	—	100x	as long as short